AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 9/5/2018
TO: Honorable Mayor and City Council Members
FROM: Maintenance Services
SUBJECT:
Title
City Council consideration of a License Agreement for Use of City Real Property Located at 715 West Rincon Avenue between the City of Corona and Pacific Utility Installation, Inc.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Approve the License Agreement for Use of City Real Property Located at 715 West Rincon Avenue between the City of Corona and Pacific Utility Installation, Inc.
2. Approve for the effective date of the agreement to be retroactive to September 1, 2018.
3. Authorize the City Manager to execute the Agreement.
4. Authorize an estimated revenue increase of $75,000 in the General Fund for Fiscal Year 2018-19.
5. Authorize the City Manager and City Attorney to negotiate and execute any amendments to the License Agreement which are either non-substantive or are otherwise in compliance with City Council's actions hereunder.
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ANALYSIS:
The City of Corona owns certain real property and desires to lease said property estimated in size to be approximately 61,320 square feet of vacant land located at 715 West Rincon Avenue (APN 119-190-027) in the City of Corona, California the City has entered negotiations with Pacific Utility Installation, Inc. (PUI) who desires to use the Licensed Land for the sole purpose of storing electrical equipment, trucks and spare electrical parts, including, but not limited to, transformers and cabling. The City is willing to allow PUI to use the Licensed Land for such purposes, pursuant to the terms and conditions set forth in the Agreement titled:
CITY OF CORONA
LICENSE AGREEMENT
FOR USE OF CITY REAL PROPERTY (UCRPLA)
(PACIFIC UTILITY INSTALLATION, INC.)
(715 W. RINCON STREET)
Within 180 days of the commencement of the Initial Term, Licensee shall, at its sole cost and expense, install and/or construct on the Licensed Land the...
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